0 the study of the economic problems of businesses and people and the way particular parts of an economy behave
1 the part of economics that studies individual markets and businesses, or how individual people spend or earn money:
This important and highly impressive volume is intended as an overview of cutting-edge developments in microeconomics for graduate students.
In microeconomics, he is responsible for the theory of revealed preference (1938, 1947).
My definition will be the following: microeconomics is the economics of a high-dimensional economy while macroeconomics is the economics of a lowdimensional economy.
Either such foundation must be found or the 'standard paradigm' abandoned when it comes to macroeconomics, although the same conclusion does not apply to microeconomics.
Thus, findings from these experiments challenged the core assumptions of microeconomics as well as those of public choice and rational choice theorists in political science.
Microeconomics is based largely on the concept of optimal scale.
These benefits largely account for the success of microeconomics as an integrated discipline within the broad framework of general equilibrium theory.
The resulting dynamics are not those of classical microeconomics.
